Skyline Champion Co. (NYSE:SKY) Director Erin Mulligan Nelson Sells 1,000 Shares

Skyline Champion Co. (NYSE:SKY) Director Erin Mulligan Nelson sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $83.18, for a total value of $83,180.00. Following the completion of the transaction, the director now owns 5,170 shares of the company’s stock, valued at approximately $430,040.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Skyline Champion Stock Up 1.8 %

Shares of Skyline Champion stock traded up $1.49 on Tuesday, reaching $85.59. The company’s stock had a trading volume of 404,919 shares, compared to its average volume of 342,174. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 33.70 and a beta of 1.57. The firm’s fifty day simple moving average is $73.27 and its two-hundred day simple moving average is $76.75. Skyline Champion Co. has a 52 week low of $52.12 and a 52 week high of $86.81. The company has a quick ratio of 1.57, a current ratio of 2.33 and a debt-to-equity ratio of 0.02.

Skyline Champion (NYSE:SKY) last posted its earnings results on Tuesday, August 6th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.22. The business had revenue of $627.80 million during the quarter, compared to analyst estimates of $600.39 million. Skyline Champion had a return on equity of 13.07% and a net margin of 6.45%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. Equities analysts anticipate that Skyline Champion Co. will post 2.97 earnings per share for the current year.

Institutional Trading of Skyline Champion

Several large investors have recently modified their holdings of the company. SummerHaven Investment Management LLC grew its holdings in shares of Skyline Champion by 1.4% in the fourth quarter. SummerHaven Investment Management LLC now owns 10,909 shares of the company’s stock worth $810,000 after acquiring an additional 150 shares during the period. Penbrook Management LLC grew its holdings in shares of Skyline Champion by 2.7% in the second quarter. Penbrook Management LLC now owns 9,810 shares of the company’s stock worth $665,000 after acquiring an additional 260 shares during the period. Meritage Portfolio Management grew its holdings in shares of Skyline Champion by 5.4% in the fourth quarter. Meritage Portfolio Management now owns 5,223 shares of the company’s stock worth $388,000 after acquiring an additional 269 shares during the period. Arizona State Retirement System grew its holdings in shares of Skyline Champion by 2.2% in the second quarter. Arizona State Retirement System now owns 15,359 shares of the company’s stock worth $1,041,000 after acquiring an additional 324 shares during the period. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Skyline Champion by 14.8% in the first quarter. Verdence Capital Advisors LLC now owns 3,857 shares of the company’s stock worth $328,000 after acquiring an additional 497 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SKY shares. Barclays lifted their price objective on Skyline Champion from $68.00 to $85.00 and gave the company an “equal weight” rating in a research note on Monday. Craig Hallum lowered their price objective on Skyline Champion from $88.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. StockNews.com upgraded Skyline Champion from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Wedbush reiterated a “neutral” rating and set a $64.00 price objective on shares of Skyline Champion in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their price objective on Skyline Champion from $68.00 to $82.00 and gave the company a “sector perform” rating in a research note on Thursday, August 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $78.75.

Skyline Champion Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.